On July 23, 2025, PUMP Token Plunge became the headline across crypto media as the native token of Solana-based meme coin launchpad Pump.fun dropped 12% to $0.00337. This decline followed co-founder Alon Cohen’s announcement of an airdrop delay during a livestream with Michael “ThreadGuy” Jerome, according to coingape.com. Cohen stated, “We’re going to keep our word,” stressing the need for ecosystem growth over short-term rewards. However, as coinspeaker.com reported, the airdrop isn’t expected anytime soon. The delay sparked a panic sell-off, with two early investor wallets dumping 1.25 billion PUMP tokens ($3.81M) at $0.00305—realizing $1.19M in losses, per Lookonchain data cited by coinpedia.org. As cryptonews.com noted, the PUMP Token Plunge marks a drop of over 50% from its July 16 peak of $0.0067. Community reactions, such as those from @shotguncaio on X, highlight growing frustration over the token’s new all-time low and declining hype.
The airdrop delay compounded existing bearish sentiment, as PUMP had already slid below its $0.004 ICO price, per dailycoin.com. A private investor, “PUMP Top Fund 2,” lost $6M after moving 2 billion tokens ($12.79M) to Binance expecting a listing that never materialized, later offloading them on Bybit at a 50% loss, per ainvest.com. Daily trading volume dropped 66% to $1B, signaling waning confidence, per coinspeaker.com. Despite this, whale Machi Big Brother doubled down on long positions, facing $5.8M in unrealized losses, per Lookonchain. Pump.fun’s $1.32B ICO and $775M revenue since its 2024 launch fueled initial hype, but weak utility and a July 23 RICO lawsuit against Pump.fun, Solana, and Jito add pressure, per crypto.news. X posts from @CryptoNadine call the situation “Pump Fun’s funeral.”
No regulatory statements have directly addressed PUMP’s airdrop delay, but the SEC’s broader scrutiny of unregistered token offerings, per finance.yahoo.com, could impact future plans. The RICO lawsuit filed by Burwick Law and Wolf Popper in New York’s Southern District Court alleges fraud by Pump.fun’s leadership, including Solana’s Anatoly Yakovenko and Jito’s team, per crypto.news. This legal risk, combined with Pump.fun’s failure to deliver on airdrop promises, may deter institutional interest, per coinjournal.net. Historical delays, like Uniswap’s 2020 airdrop, which saw 15% price dips before recovery, per coindesk.com, suggest volatility ahead. X posts from @rektmando urge avoiding further interviews to stem PR fallout.
PUMP’s $0.00320 price faces $0.0026 support, with resistance at $0.0038, per CoinMarketCap. Investors should avoid buying the dip until a clear airdrop timeline or ecosystem upgrades emerge, per coinpedia.org. Monitor Pump.fun’s X (@pumpdotfun) and Solana wallet activity via Lookonchain for updates. Diversify into stable assets like BTC ($123,091.61) or SOL ($197.50), per CoinMarketCap, to mitigate meme coin risks. The lawsuit and airdrop uncertainty make PUMP a high-risk play—verify exchange listings and regulatory developments before engaging with this token.
